Suzhou Longway Eletronic Machinery Balance Sheet Health
Financial Health criteria checks 6/6
Suzhou Longway Eletronic Machinery has a total shareholder equity of CN¥1.2B and total debt of CN¥107.5M, which brings its debt-to-equity ratio to 9.1%. Its total assets and total liabilities are CN¥1.7B and CN¥501.3M respectively. Suzhou Longway Eletronic Machinery's EBIT is CN¥83.5M making its interest coverage ratio -14.1. It has cash and short-term investments of CN¥185.1M.
Key information
9.1%
Debt to equity ratio
CN¥107.48m
Debt
| Interest coverage ratio | -14.1x |
| Cash | CN¥185.15m |
| Equity | CN¥1.18b |
| Total liabilities | CN¥501.27m |
| Total assets | CN¥1.69b |
Recent financial health updates
Recent updates
Suzhou Longway Eletronic Machinery (SZSE:301202) Seems To Use Debt Quite Sensibly
Sep 30
Investors Could Be Concerned With Suzhou Longway Eletronic Machinery's (SZSE:301202) Returns On Capital
Jul 13Subdued Growth No Barrier To Suzhou Longway Eletronic Machinery Co., Ltd (SZSE:301202) With Shares Advancing 70%
Mar 22Financial Position Analysis
Short Term Liabilities: 301202's short term assets (CN¥1.2B) exceed its short term liabilities (CN¥483.0M).
Long Term Liabilities: 301202's short term assets (CN¥1.2B) exceed its long term liabilities (CN¥18.2M).
Debt to Equity History and Analysis
Debt Level: 301202 has more cash than its total debt.
Reducing Debt: 301202's debt to equity ratio has reduced from 83.5% to 9.1% over the past 5 years.
Debt Coverage: 301202's debt is well covered by operating cash flow (65%).
Interest Coverage: 301202 earns more interest than it pays, so coverage of interest payments is not a concern.